Which Is Not a Legitimate Form of Business Organization

question 124

Multiple Choice

Which is not a legitimate form of business organization?

• A)Partnership
• B)C-type corporation
• C)T-type corporation
• D)LLC

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Definitions:

Income

The monetary payment received by an individual or household for labor, investment, or other sources over a specific period.

Poverty Rate

The proportion of a population living below the poverty line, indicating the percentage of people who cannot afford basic needs like food, shelter, and healthcare.

Upper Two Quintiles

The section of a population that falls into the top 40% in terms of income or wealth distribution, often used in socio-economic analyses.

Income

The money received by an individual or entity in return for their labor, from transfers, or from investments.